24523 Bedford, VA is a great place to call home due to its reasonable cost of living. The 2 bedroom rent for this area is about $930 which is significantly lower than the US average of $1,430. The grocery cost index for this area is 97 versus 100 in the US, making it a very affordable place to live. This area offers many local companies such as All Star Metal Recycling, Bedrock Trucking Inc., and B-Tec Services that help boost the local economy as well as provide job opportunities to residents. With its low cost of living and numerous employment opportunities, 24523 Bedford, VA is a great place to live at an affordable price.
Bedford (zip 24523) has an unemployment rate of 4.7%. The US average is 6.0%.
Bedford (zip 24523) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Bedford (zip 24523)
- The Sales Tax Rate for Bedford (zip 24523) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bedford (zip 24523) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bedford (zip 24523)
- The average income of a Bedford (zip 24523) resident is $27,981 a year. The US average is $37,638 a year.
- The Median household income of a Bedford (zip 24523) resident is $57,184 a year. The US average is $69,021 a year.